[Resolved]  ICICI Prudential Life Insurance — Direct debit (ECS) of inr 132000 / - on 03 - nov - 2015 without my consent. This is kind of fraud

Policy Number[protected] which was opened in August 2013.I am not happy with Fund performance and called customer support team in Aug 2015 that I am not happy ( twice) with Fund performance and will not pay the premium. I have mentioned them than I am OK policy if lapsed and frozen ( 3% interest rate).Direct debit was done on 3 rd nov without my consent .

Annual ECS is set on 20th August 2015 . I have intentionally kep low fund and informed support team about it. They have sent me 100 reminder about premium payment. I have called them and inform them that I will not pay the premium because I am not happy with the performance . It is my choice. I am OK if policy is lapsed . Anyway I will be getting 3% interest which better then devaluation of my money.